Euro falls below 95 yen for first time in over a decade

The euro hit fresh lows against the Japanese currency on Monday, falling below 95 yen for the first time in more than a decade.The common currency, which has been under pressure over fears about the eurozone's fiscal problems, dipped to 94.98 yen in morning Asian trade -- its lowest level since November 2000 -- from 95.38 in New York trade on Friday.

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MUMBAI: In line with equities, the rupee today fell by 11 paise to close at 66.44 on fresh demand for the US currency from banks and importers despite weaker dollar in the overseas market. Fresh foreign capital outflows also affected the rupee sentiment, a forex dealer said. The rupee resumed lower at 66.41 as against last Friday's level of 66.33 per dollar at the Interbank Foreign Exchange market and hovered in a range of 66.3150 and 66.4550 before ending at 66.44, showing a loss of 11 paise or 0.17 per cent. The rupee had gained by 19 paise or 0.29 per cent on last Friday.

HONG KONG: Asian shares tumbled Tuesday after a meltdown in Chinese stocks sparked a global equities rout and fuelled mounting fears over the outlook for the world economy. Shanghai stocks tumbled 6.41 per cent at the open, extending the previous day's plunge on mounting worries over China's faltering economy and its impact on global growth. The dollar was weak against other currencies and oil prices remained in the doldrums after finishing Monday below $40 a barrel for the first time in six years, as financial markets sold off around the world.

TOKYO: Concerns about slowing growth in China pressured Asian shares and oil prices, while minutes from the US Federal Reserve's July meeting dented expectations for a rate hike in mid-September. Japan's Nikkei fell 0.3 per cent in early trade while MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat, barely holding above its two-year low hit on Wednesday for now. "Markets are nervous of risks and investors are pulling funds out of emerging economies and resource exporters," said Daisuke Uno, chief strategist at Sumitomo Mitsui Bank.

Hong Kong (AFP) - The euro sank to an 11-year low Monday but Asian equities largely recovered from early losses after an anti-austerity party won Greece's election, throwing its international bailout into doubt and raising fears it could leave the eurozone.

Hong Kong (AFP) - Asian markets tumbled Tuesday following painful losses in New York and Europe while the euro sat near nine-year lows as political uncertainty in Greece fanned renewed fears it could leave the eurozone.

TOKYO: Asian shares tottered on Wednesday, taking cues from Wall Street's losses and pressured by a continued selloff in oil as investors awaited consumer price data from China this session. Faced with concerns about a global slowdown, the Monetary Authority of Singapore said on Wednesday that it will ease its monetary policy for the second time this year by slowing the pace of the Singapore dollar's appreciation. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3 per cent, while Japan's Nikkei stock index shed 1.1 per cent.

Hong Kong (AFP) - Asian equity markets mostly rallied Thursday on strong US data and expectations for fresh eurozone stimulus measures, while oil prices gave up early gains to resume their downward trend after a surge in New York.

The official talk around the G7 statement and the G20 meeting generated a great deal of needless noise in the foreign exchange room. It is almost like a librarian yelling "Quiet". It may be more disruptive than the initial noise. With the meetings out of the way, we expect the official jawboning about the currency market to die down. Of course, there is a chronic low level murmur of economic commentary that may have broad implications for foreign exchange rates.

The yen fell back from 15-year highs against the dollar and also retreated against the euro on Wednesday as Japan intervened in currency markets for the first time since 2004.In morning trade here, the dollar rose to 85.35 yen from 83.06 yen late in New York on Tuesday. In Asian trade Wednesday, the dollar had slumped to 82.86 yen -- the lowest level since 1995 -- but reversed direction on Japan's intervention."We conducted a market intervention," Finance Minister Yoshihiko Noda told reporters, pledging further "determined steps, including intervention, when necessary."